Snippets: Productive organisations

Productive organisations

 

Organisations with the closest alignment between their geographical talent footprint and market opportunity tend to be most productive and profitable. According to “Right people, wrong place?”, an EY report published in collaboration with LinkedIn, organisations can make major performance and productivity improvements by taking a more strategic approach to where they place their people. The report analysed 659 organisations across 11 sectors and revealed those that poorly match their workforce to the global sub-sector growth markets are potentially leaving hundreds of millions of dollars of opportunity on the table. Organisations that increase their talent to market alignment over time tend to grow faster. For example, organisations in the top quartile for improving talent-to-market alignment between 2013 and 2016 achieved profit growth that was, on average, 7.8 percentage points higher than those in the lowest quartile.

 

Time to travel

 

While both Diwali and New Year is celebrated with friends and family in India, New Year celebrations include a lot more travel plans and spending time outdoors with loved ones, as compared to Diwali, says a study by market research and data analysis firm Velocity MR. The study was conducted to understand celebration patterns, consumer behaviour and other influencing factors impacting a diverse Indian population. The study shows that unlike Diwali, the purchase of electronic items during New Year is also much higher with 52 per cent people pampering themselves with their favourite electronic goods. “The excitement of the upcoming year also brings with it introspection coupled with resolutions. People tend to splurge on themselves during this time, as opposed to the gifting trend observed during Diwali,” adds Jasal Shah, MD and CEO of Velocity MR.